Filing Flows › Lithia Motors (LAD) › Q2 2026
Lithia Motors (LAD) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 29, 2026
Lithia Motors (LAD) reported revenue of $9.8B for the second quarter 2026 (Q2 2026), +2% from a year earlier and +6% from the quarter before. Operating margin was 4.6%, net earnings $262M (2.7% of revenue).
Lithia Motors, Q2 2026: revenue $9.8B (+2% year over year), operating margin 4.6%, net earnings $262M, operating cash flow −$65.7M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.8B | +6% | +2% |
| Gross profit | $1.5B | +5% | +0.8% |
| Operating profit | $448M | +34% | +5% |
| Net earnings | $262M | +156% | +1% |
| Operating cash flow | −$65.7M | — | -806% |
What changed
Revenue was $9.8B in Q2 2026, up 2% year over year and up 6% from the previous quarter. New vehicle was the largest line at 49% of revenue. New vehicle added $0.13B year over year (up 3%), 60% of the total change. Finance and insurance declined 2%.
Gross margin was 15.3%, down 0.2 points from Q2 2025. Operating profit was $0.45B, a 4.6% margin (up 0.1 points year over year). Of the extra revenue versus Q2 2025, 11% reached operating profit, above the 4% margin then. Operating expenses fell 1% while revenue rose 2%. Net earnings were $0.26B, up 2% year over year. The effective tax rate was 25.7%.
Operating cash flow was −$0.07B. Non-cash charges added back $0.09B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.43B. Capital expenditures of $0.06B exceeded it, leaving free cash flow of −$0.12B.
Questions
What was Lithia Motors' revenue in the second quarter 2026?
Lithia Motors (LAD) reported revenue of $9.8B for the second quarter 2026 (Q2 2026), +2% from a year earlier and +6% from the quarter before.
Was Lithia Motors profitable in the second quarter 2026?
Operating profit was $448M (4.6% of revenue) and net earnings $262M.
Source: Lithia Motors 10-Q on SEC EDGAR.